Kaiser Aluminium tracks 28% increased revenue as industrial investors keep shuffling shares

Texas Permanent School Fund lowered its ownership quota by 2.1 per cent in Kaiser Aluminium Co. during the primary quarter, as was reported by the company in its most currently filled 13F reports with the SEC. The major investor sold 241 shares during this entire period, owning 11,246 shares of Kaiser Aluminium. According to the data found in the most recent SEC filing, Texas Permanent School Fund has 0.07 per cent ownership of Kaiser Aluminium, priced at US$1,059,000.

Other than the above organisation, many other institutional investors have altered their discourse in the company. Around the fourth quarter, Allspring Global Investments Holdings LLC acquired a fresh stake worth US$462,000 in Kaiser Aluminum. Winslow Asset Management Inc. tightened its grip by 4.1 per cent on Kaiser Aluminum slowly throughout the last quarter. Winslow Asset Management Inc. purchased 3,009 shares in the last quarter, which are now added with the pre-owned stocks, making 76,872 shares in all that cost US$7,221,000.

In the fourth quarter, both Brightline Capital Management LLC and SG Americas Securities LLC augmented their shares in Kaiser Aluminium, the former buying new stakes worth US$7,609,000 and the latter heightening its stake by 277.4 per cent. SG Americas Securities LLC bought 4,408 shares during the same period accumulating a grand amount of 5,997 shares worth US$563,000 in Kaiser.

Lastly, Victory Capital Management Inc. also escalated its stake volume by 16.1 per cent during the last quarter owning 1,003,770 shares costing US$94,294,000 after it had acquired 139,240 shares within the mentioned time frame. The company’s 97.69 per cent stock is under Hedge funds and other noteworthy industrial investors. 

Kaiser Aluminium Corporation is a pioneer of semi-fabricated aluminium mill products in the United States with demand worldwide. The company produces rolled aluminium sheets, extruded aluminium parts and drawn aluminium products utilised in aerospace, defence, automotive and food packaging sectors.

Kaiser Aluminium last published its quarterly revenue report on July 25, where the company recorded US$0.03 cuts per share (EPS) for the prevailing quarter. The business yielded revenue of US$954.20 million for the quarter, while the consensus estimate requires a grand US$889.59 million in earnings. Naturally, Kaiser Aluminium’s earnings had skyrocketed by 28.8 per cent on a year-on-year scale.